When you see why movie theater tickets are cheap and movie theater popcorn is so expensive, you might want to buy more popcorn.
Last week, I paid $25 for three hours at an NYC parking garage. Others though paid $50 for the same amount of time. We could say that it cost me less. But there is much more to the story. What…
Saying firms can’t refill and resell their cartridges, Lexmark International is fighting for printer cartridge patent protection in the Supreme Court.
Knowing that shoppers spend different amounts of money and time, stores use price discrimination as purchasing incentives.
Like all monopolists, the people selling “Hamilton” tickets charge different categories of theater goers different prices to maximize their revenue.
Currently tough to find, rational hospital prices would help hospitals control cost, eliminate price discrimination. improve efficiency and care.
At one of my favorite restaurants in Nantucket, you can call at any time during the summer to get a 6:00 reservation. But if you want to eat at 7:30 or 9:00, you have to line up outside on that…